GXPE vs. COAL

Last updated Aug 4, 2026

GXPE (Global X PureCap MSCI Energy ETF) and COAL (Range Global Coal Index ETF) are both Energy Equities funds - GXPE tracks the MSCI USA Energy PureCap Index while COAL tracks the VettaFi Global Coal Index. Both are passively managed. Over the past year, GXPE returned 40.31% vs 21.66% for COAL. Their 0.28 correlation means their historical movements had little consistent relationship. GXPE charges 0.15%/yr vs 0.85%/yr for COAL.

Performance

GXPE vs. COAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Energy ETF (GXPE) and Range Global Coal Index ETF (COAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXPE achieves a 32.81% return, which is significantly higher than COAL's -1.39% return.

GXPE

• 1D: -1.24%
• 1M: 10.87%
• 6M: 18.43%
• YTD: 32.81%
• 1Y: 40.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 37.64%

COAL

• 1D: -0.56%
• 1M: -1.00%
• 6M: -12.93%
• YTD: -1.39%
• 1Y: 21.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -3.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
COAL Range Global Coal Index ETF	$599.70K	$1.03M	$1.30M
GXPE Global X PureCap MSCI Energy ETF	$29.80K	$20.93K	$24.13K

GXPE vs. COAL - Yearly Performance Comparison

	2026 (YTD)	2025
GXPE Global X PureCap MSCI Energy ETF	32.81%	4.62%
COAL Range Global Coal Index ETF	-1.39%	11.72%

Correlation

The correlation between GXPE and COAL is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.28
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.28

Return for Risk

GXPE vs. COAL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GXPE

GXPE Risk / Return Rank: 68
GXPE Sharpe Ratio Rank: 78
GXPE Sortino Ratio Rank: 72
GXPE Omega Ratio Rank: 69
GXPE Calmar Ratio Rank: 67
GXPE Martin Ratio Rank: 54

COAL

COAL Risk / Return Rank: 29
COAL Sharpe Ratio Rank: 30
COAL Sortino Ratio Rank: 31
COAL Omega Ratio Rank: 29
COAL Calmar Ratio Rank: 29
COAL Martin Ratio Rank: 27

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GXPE vs. COAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Energy ETF (GXPE) and Range Global Coal Index ETF (COAL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GXPE	COAL	Difference
Sharpe ratio: Return per unit of total volatility	1.95	0.75	+1.21
Sortino ratio: Return per unit of downside risk	2.55	1.24	+1.31
Omega ratio: Gain probability vs. loss probability	1.32	1.14	+0.17
Calmar ratio: Return relative to maximum drawdown	2.58	1.00	+1.57
Martin ratio: Return relative to average drawdown	6.83	2.35	+4.48

GXPE vs. COAL - Sharpe Ratio Comparison

The current GXPE Sharpe Ratio is 1.95, which is higher than the COAL Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of GXPE and COAL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GXPE vs. COAL - Drawdown Comparison

The maximum GXPE drawdown since its inception was -15.73%, smaller than the maximum COAL drawdown of -42.29%. Use the drawdown chart below to compare losses from any high point for GXPE and COAL.

Drawdown Indicators

	GXPE	COAL	Difference
Max Drawdown Largest peak-to-trough decline	-15.73%	-42.29%	+26.56%
Max Drawdown (1Y) Largest decline over 1 year	-15.73%	-21.69%	+5.96%
Current Drawdown Current decline from peak	-5.72%	-20.80%	+15.08%
Average Drawdown Average peak-to-trough decline	-4.28%	-14.38%	+10.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.92%	9.24%	-3.32%

Volatility

GXPE vs. COAL - Volatility Comparison

The current volatility for Global X PureCap MSCI Energy ETF (GXPE) is 6.12%, while Range Global Coal Index ETF (COAL) has a volatility of 7.61%. This indicates that GXPE experiences smaller price fluctuations and is considered to be less risky than COAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GXPE	COAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	7.61%	-1.49%
Volatility (6M) Calculated over the trailing 6-month period	16.79%	21.44%	-4.65%
Volatility (1Y) Calculated over the trailing 1-year period	20.77%	29.13%	-8.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.65%	27.62%	-6.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.65%	27.62%	-6.97%

GXPE vs. COAL - Expense Ratio Comparison

GXPE has a 0.15% expense ratio, which is lower than COAL's 0.85% expense ratio.

Dividends

GXPE vs. COAL - Dividend Comparison

GXPE's dividend yield for the trailing twelve months is around 2.10%, less than COAL's 2.67% yield.

Position	TTM	2025	2024
COAL Range Global Coal Index ETF	2.67%	2.63%	1.80%
GXPE Global X PureCap MSCI Energy ETF	2.10%	1.20%	0.00%

Frequently Asked Questions

Can I hold both GXPE and COAL in my portfolio?

GXPE and COAL have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GXPE or COAL?

COAL has higher volatility (7.61%) compared to GXPE (6.12%). In terms of maximum drawdown, GXPE dropped -15.73% vs COAL's -42.29%.

Which ETF is better, GXPE or COAL?

On 1-year performance, GXPE leads with 40.31% vs 21.66% for COAL. On fees, GXPE is cheaper at 0.15% per year. On volatility, GXPE has been the lower-risk option at 6.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GXPE or COAL?

Over the 1-year period, GXPE has performed better with a 40.31% return vs 21.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GXPE or COAL?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.85% for COAL.

Which ETF pays a higher dividend yield, GXPE or COAL?

COAL has the higher dividend yield at 2.67%, compared with 2.10% for GXPE.

What is the main difference between GXPE and COAL?

GXPE tracks MSCI USA Energy PureCap Index, while COAL tracks VettaFi Global Coal Index. They also come from different issuers: Global X and Exchange Traded Concepts. Their fees differ too: 0.15% for GXPE and 0.85% for COAL.

Which has better risk-adjusted returns?

GXPE currently has the higher Sharpe Ratio (1.95 vs 0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.